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Home CompaniesFundamental Global Inc.

Fundamental Global Inc.

Financial Services Asset Management
PortfolioPortfolio WatchlistWatchlist
Company price
None USD 0.00(0%)
Last update at 2026-11-04T21:23:57.151084Z
Market Cap
42.19M

Momentum Score

…

FG Nexus Inc. operates a digital asset treasury focused on Ethereum (ETH) and tokenization opportunities in the United States. It operates through two segments, Digital Assets and Merchant Banking. The company focuses on commercializing and expanding the tokenization of real-world assets, such as housing, reinsurance, real estate, and other asset classes. It also provides merchant banking services, including strategic, administrative, and regulatory support services to newly formed SPACs. In addition, the company engages in the manufactured housing communities; and casual restaurant platform businesses. Further, it holds real estate and equity holdings. The company was formerly known as Fundamental Global Inc. and changed its name to FG Nexus Inc. in September 2025. FG Nexus Inc. is based in Charlotte, North Carolina.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

52 Week Price Range
4.17
Low
43.75
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public disclosures for Fundamental Global Inc. (FGNX) are limited, and its definitive core business and long-term growth drivers are not clearly described in available filings and investor materials. Because of this lack of detail, investors may find potential upside if the company later discloses scalable operations or strategic assets, but clarity depends on upcoming regulatory filings and management communications.

Principal investment risks include limited disclosure and transparency, low trading liquidity leading to volatile pricing, and execution and financing uncertainty until the company's business model and financial condition are documented.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
-
Dividend Yield
-
Revenue TTM
2.44M
Revenue Per Share
0.43
Gross Profit TTM
2.44M
Debt / Equity
0.01
ROE
-115.07%
Net Debt
-11.47M
ROCE
-41.73%
Diluted EPS TTM
-8.46

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -67.71M -23.00M -13.30M 1.09M -7.33M
Minority interest 0.00M 0.16M 0.56M 0.00M -1.33M
Net income -68.51M -1.16M -14.08M 1.09M -8.51M
Selling general administrative 14.51M 13.98M 11.11M 8.35M 9.18M
Selling and marketing expenses - 1.28M 0.80M - -
Gross profit -2.64M -8.14M -4.38M 1.82M -1.60M
Reconciled depreciation 0.30M 0.83M 0.84M - -
Ebit -67.58M -22.64M -12.79M - -
Ebitda -67.28M -21.81M -11.94M 1.09M -7.33M
Depreciation and amortization 0.29M 0.83M 0.84M - -
Operating income -65.48M -24.88M -16.29M 1.09M -7.33M
Other operating expenses 63.14M 42.22M 33.38M 11.39M 11.48M
Interest expense 0.13M 0.36M 0.52M - -
Tax provision -0.07M -0.14M -1.00M - 0.00M
Interest income - - - - 0.00M
Net interest income -0.13M -0.36M -0.52M - -
Income tax expense 0.81M -0.14M -1.00M - 3.24M
Total revenue -2.35M 17.35M 17.09M 12.48M 4.15M
Total operating expenses 62.85M 16.73M 11.90M 0.74M 5.74M
Cost of revenue 0.29M 25.49M 21.48M 10.65M 5.75M
Total other income expense net -2.22M 1.88M 2.98M 0.32M 0.19M
Net income from continuing ops -67.63M -22.86M -12.31M 1.09M -7.33M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 163.84M 109.47M 62.14M 71.75M 75.81M
Intangible assets - - - 1.51M 0.07M
Other current assets - 31.63M 9.89M 4.87M 5.14M
Total liab 20.35M 35.27M 25.14M 25.05M 23.53M
Total stockholder equity 143.49M 74.20M 35.15M 46.70M 52.28M
Other current liab -5.34M 24.85M 9.87M 6.95M 6.29M
Common stock 0.07M 0.03M 0.23M 0.22M 0.21M
Capital stock 22.29M 22.39M 0.23M 22.37M 22.37M
Retained earnings -68.74M -0.23M 2.34M 16.44M 23.59M
Good will - - - 0.88M 0.94M
Other assets 148.24M 92.77M 37.22M 20.79M 20.01M
Cash 13.39M 7.79M 6.00M 3.79M 8.73M
Total current liabilities 1.92M 33.48M 17.87M 14.29M 14.13M
Current deferred revenue - 0.86M 0.87M 2.13M -2.52M
Net debt -11.47M -4.05M 3.46M 4.98M -1.44M
Short term debt 1.92M 2.07M 2.29M 2.96M 3.60M
Short long term debt 1.92M 2.07M 2.29M - -
Short long term debt total 1.92M 3.74M 9.46M 8.77M 7.29M
Other stockholder equity 190.55M 50.92M 37.27M 35.30M 32.22M
Total current assets 13.39M 50.00M 31.44M 18.22M 21.77M
Long term investments 14.67M 54.31M 17.47M 0.84M 1.42M
Short term investments 0.00M 5.76M 10.55M 24.84M 14.04M
Net receivables - 3.38M 3.53M 6.17M 4.63M
Long term debt - 0.30M 5.46M - -
Inventory - 1.43M 1.48M 3.39M 3.27M
Accounts payable 5.34M 5.70M 4.83M 4.38M 4.25M
Accumulated other comprehensive income -0.61M 1.11M -4.68M -5.26M -3.75M
Non currrent assets other -134.05M 1.07M 0.49M 0.00M 1.69M
Non current assets total 2.21M 59.47M 30.70M 53.54M 54.03M
Capital lease obligations - 1.37M 1.70M - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 9.83M 13.24M 0.09M -3.45M 5.90M
Total cashflows from investing activities -122.56M 13.24M 0.09M -3.45M -1.15M
Net borrowings -0.25M -5.95M -1.04M - -
Total cash from financing activities 135.61M -7.38M 1.24M 1.94M 3.25M
Net income -67.63M -22.86M -12.31M 1.09M 17.94M
Change in cash 6.83M 1.80M 2.93M -12.53M 4.09M
Begin period cash flow 6.56M 6.00M 3.06M 15.54M 4.79M
End period cash flow 13.39M 7.79M 6.00M 3.01M 8.88M
Total cash from operating activities -6.25M -4.05M 1.58M -11.02M 2.04M
Issuance of capital stock 168.62M 0.00M 2.41M 3.73M 9.46M
Depreciation 0.30M 0.83M 0.84M 1.59M 2.13M
Other cashflows from investing activities -124.88M 6.36M 0.95M -0.70M 0.38M
Dividends paid 1.79M 1.41M 1.79M 1.79M 1.69M
Change to inventory - -0.02M 0.39M -0.31M -1.09M
Change to account receivables - 0.18M 1.83M -5.42M 1.13M
Sale purchase of stock -26.13M -0.02M - - -0.08M
Other cashflows from financing activities -18.89M -0.02M -0.14M 0.20M 5.44M
Capital expenditures 0.00M 0.05M 0.16M 0.08M 1.53M
Change in working capital 5.94M 1.88M 2.82M -5.52M -2.86M
Stock based compensation 7.76M 1.62M 1.60M 0.26M 0.89M
Other non cash items 49.44M 14.95M 9.55M -6.85M -16.06M
Free cash flow -6.25M -4.09M 1.42M -11.10M 0.51M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
BLK
BlackRock Inc		 64.04
5.51%		 1225.36 26.25 19.57 6.33 2.90 6.35
BX
Blackstone Group Inc		 7.38
6.24%		 125.57 33.20 20.12 11.05 11.56 9.14
IVSBF
Investor AB ser. B		 -
-%		 43.57 4.67 3.83 3.78 1.13 4.15
KKR
KKR & Co. Inc.		 5.35
5.57%		 101.34 32.68 13.66 3.58 3.22 0.68

Profile*

Fundamental Global Inc.

FG Nexus Inc. operates a digital asset treasury focused on Ethereum (ETH) and tokenization opportunities in the United States. It operates through two segments, Digital Assets and Merchant Banking. The company focuses on commercializing and expanding the tokenization of real-world assets, such as housing, reinsurance, real estate, and other asset classes. It also provides merchant banking services, including strategic, administrative, and regulatory support services to newly formed SPACs. In addition, the company engages in the manufactured housing communities; and casual restaurant platform businesses. Further, it holds real estate and equity holdings. The company was formerly known as Fundamental Global Inc. and changed its name to FG Nexus Inc. in September 2025. FG Nexus Inc. is based in Charlotte, North Carolina.

6408 Bannington Road, Charlotte, NC, United States, 28226

704 994 8279

https://fgnexus.io

15

Name Title Year Born
Mr. Daniel Kyle Cerminara C.F.A., CFA Co-Founder, Chairman of the Board & CEO 1977
Mr. Larry Gene Swets Jr., C.F.A. Chief Executive Officer of Merchant Banking 1975
Mr. Theodore Rosenthal President of Digital Assets NA
Mr. Mark D. Roberson CPA Chief Financial Officer 1965
Mr. Todd Robert Major CPA Chief Accounting Officer 1974
Mr. Joseph Hugh Moglia Co-Founder & Executive Advisor 1950

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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